Is it profitable to hedge/cashout bets before end of sport event?

[AmoreJaz]

As OP says I also don't see this profitable thing. But its not supposed to be profitable at all. It is when you are sure (you should have no doubts left that you lost bet) of losing and you get some money back. I see it as somekind of insurance as well.

In my case, I prefer to stick with my initial bet and that's it. I don't think it's profitable but as a kind of insurance for lock in profits as has been mentioned, but at the cost of potential profitability. It is a way of minimising both profits and losses.

As a gambler, I usually focus and wait first on the result of my initial bet before I plan my next move. That gives me more determination to win, instead of counter betting which will only decrease my potential profits and will only put myself into being bothered. If I lose, then that’s the time I will consider taking another bet, maybe not profitable for most of the gamblers but for me, it works.

it is understandable that this is a case to case basis. it depends on the sports and the match you betted with. if you feel you are about to lose, you can cash out, that is, if the bookie is still allowing you to cash out. but most of the time, in my case, i also wait for the game to be finished, whether i lost or won. some people are cashing out before the game finished in order to reduce possible losses. but for sure, they will regret if in case they win that event. lol

[1714890308]

1714890308

[CryptoHeadlineNews]

Cashout is only favouring the gambling companies, not punters. I have tried it before. For in-play, if the team you selected to win is losing, the amount of money left to be cashed out will be very low in a way you will be discouraged to cash it out. Even if the team is winning, the amount to be cashed out will be low compared to the total amount that you supposed to win. I do not use cashout anymore.

In this case, the best thing to do is probably to just leave the game till the end of the match, because at times you never can tell, because i have witness  lots of scenario whereby a team which you thought to be losing scored an equalizing goal at 90 minutes and won during the extra time, so for me, i actually don't do cashout, because i always have this faith that if this game was meant for me to win i will, but if it wasn't, then let it be. Because its good to try your luck and lose than cashout an unreasonable sum, which is why i alway bet with an amount i can afford to lose

[Markinzo]

From the scale of 1 to 10 I will say it's 7% profitable to hedge cash out bets especially when the remaining sports games seems to look like it won't go to your favor.
Personally I have had a o cash out of my bet as many times as possible and it's been to my own very favour as the remaining few games in the bet ended not in my favour after I cashed out.
Although I have lossed out by cashing out on an ongoing game due to how the game was going in an uncertain way but at the end it went to my favour but by then I have already cashed out a meager sum hut on the ye other hand, cash out has been more profitable to me than the latter.

[Fredomago]

As OP says I also don't see this profitable thing. But its not supposed to be profitable at all. It is when you are sure (you should have no doubts left that you lost bet) of losing and you get some money back. I see it as somekind of insurance as well.

In my case, I prefer to stick with my initial bet and that's it. I don't think it's profitable but as a kind of insurance for lock in profits as has been mentioned, but at the cost of potential profitability. It is a way of minimising both profits and losses.

As a gambler, I usually focus and wait first on the result of my initial bet before I plan my next move. That gives me more determination to win, instead of counter betting which will only decrease my potential profits and will only put myself into being bothered. If I lose, then that’s the time I will consider taking another bet, maybe not profitable for most of the gamblers but for me, it works.

it is understandable that this is a case to case basis. it depends on the sports and the match you betted with. if you feel you are about to lose, you can cash out, that is, if the bookie is still allowing you to cash out. but most of the time, in my case, i also wait for the game to be finished, whether i lost or won. some people are cashing out before the game finished in order to reduce possible losses. but for sure, they will regret if in case they win that event. lol

And that regrets really kills you each time you remember about the things that you did, instead of enjoying the profits you are at a loss. But yes, it's depend from how people see things, they are aware of the consequences and they are willing to take that risk. Else, you will keep on that space where you will keep asking those what if you didn't change your position and you just wait for the result.

Cashout is only favouring the gambling companies, not punters. I have tried it before. For in-play, if the team you selected to win is losing, the amount of money left to be cashed out will be very low in a way you will be discouraged to cash it out. Even if the team is winning, the amount to be cashed out will be low compared to the total amount that you supposed to win. I do not use cashout anymore.

In this case, the best thing to do is probably to just leave the game till the end of the match, because at times you never can tell, because i have witness  lots of scenario whereby a team which you thought to be losing scored an equalizing goal at 90 minutes and won during the extra time, so for me, i actually don't do cashout, because i always have this faith that if this game was meant for me to win i will, but if it wasn't, then let it be. Because its good to try your luck and lose than cashout an unreasonable sum, which is why i alway bet with an amount i can afford to lose

that kind of Guts really help you to stay calm even in some cases that you are already seeing no chances of winning, but if there's still time and the team or player that you are betting with is not giving up the chance still there for them to win.

[AicecreaME]

I know that many bettors, if a sporting event develops in favor of their bet, make a counter bet - for example, they bet on odds of 1.3 and on the opposite event, the odds were 3.3. Then the odds changed 1.3 -> 1.1 and 3.3 -> 5.7. At this moment, they "fix" their winnings by betting on the opposite outcome with odds of 5.7. Or they use the option of selling their bet (cashout - some bookmakers have such an option), that is, they receive their winnings immediately, but less than if they wait until the end of the sporting event.
In my opinion, this is not a profitable strategy, since in this way you minimize your profit, but potentially maximize your losses - if a sporting event develops against your bet, then you lose it entirely without any compensation.

Cash out is there for a reason. One of it is to possibly avoid any further losses in a bet. Some might see this beneficial while some may not. I think it really depends on your standpoint. Because if you cash out early, the thing is you will only get a certain amount instantly, but the catch is it is lower than the supposed amount you are going to take home. Although this could help you to limit yourself in further betting that could result to series of losses so if you want to play safe, you can opt to cash out before the ened of the sports event. However, if you are a risk-taker type of person, you might find this futile because you want to risk big and potentially win big rewards.

[Nrcewker]

Cashout is only favouring the gambling companies, not punters. I have tried it before. For in-play, if the team you selected to win is losing, the amount of money left to be cashed out will be very low in a way you will be discouraged to cash it out. Even if the team is winning, the amount to be cashed out will be low compared to the total amount that you supposed to win. I do not use cashout anymore.

Sometimes When it’s completely visible that the bet which you have placed will completely be lost, it’s better to cashout at that point of time.
I mean it’s better to have anything than nothing right?
I know the amount is very low while cashing out, but yes it’s better than getting 0 balance.
I don’t get the point of cashing out when you know your bet will definitely win. It’s just useless to think like that lol. Just carry on with the bet as it has to be win only.
So enjoy the profits, why you need to cash out.

[ChiBitCTy]

I use a couple different gambling sites and was surprised when my buddy who uses one of those same sites told me he was going to cash out of his bet early. I embarrassingly had no idea you could on this particular site. Personally I don’t think I ever bet enough that I’d want to pull a bet early. I always bet an amount I’m willing to see all the way through.

[traderethereum]

I think I've seen the option to sell their bets in a casino and I've also tried it if I'm not mistaken, when I saw my winning amount was bigger if I waited until the end of the sporting event.
So I immediately sold it because I thought I could get a bigger winning amount.
But I don't know what it is because I just saw the amount of money was bigger so I immediately decided to sell it before the amount of money decreased
In addition, I also do not think about whether this strategy is profitable or detrimental because I only see the benefits.

[Oshosondy]

In this case, the best thing to do is probably to just leave the game till the end of the match, because at times you never can tell, because i have witness  lots of scenario whereby a team which you thought to be losing scored an equalizing goal at 90 minutes and won during the extra time, so for me, i actually don't do cashout, because i always have this faith that if this game was meant for me to win i will, but if it wasn't, then let it be. Because its good to try your luck and lose than cashout an unreasonable sum, which is why i alway bet with an amount i can afford to lose

There are matches that I betted on which I thought I would lose but later won, especially like the one you said the team you are supporting to score after 90 minutes during the 5 to 10 minutes extra time given, it has occurred to me over 5 or times before.

But also a bet you thought you would win can also be lost immediately during the extra time after 90 minutes, that is just bet.

What I hate about cashout is that if a match is about to finish like in the 80 minutes and someone is losing, the amount of money you will be able to cashout may not be more than 5 to 10 percent of the total money you used to bet, that is small, it is not favoring at all, even if it is like 5 minutes to the end of the match, the cashout icon would become non clickable unless the match become to favour you again which may probably not be that way.

Sometimes When it’s completely visible that the bet which you have placed will completely be lost, it’s better to cashout at that point of time.

It depends on you, betting with high amount of money which you will think about when the match is going on and which you can not afford to lose, in this regard, you can have the mind pressure to cashout, but betting with just little amount of money weekly which can be be able to afford, the mind will have ease and will not even think of cashout at all. We all have different opinion about this, but I can never cashout the match I bet on. I have always be saying this on gambling board, that we should just bet with the amount of money we can afford to lose, it would help a lot in many ways.

[nullama]

I think I've seen the option to sell their bets in a casino and I've also tried it if I'm not mistaken, when I saw my winning amount was bigger if I waited until the end of the sporting event.
So I immediately sold it because I thought I could get a bigger winning amount.
But I don't know what it is because I just saw the amount of money was bigger so I immediately decided to sell it before the amount of money decreased
In addition, I also do not think about whether this strategy is profitable or detrimental because I only see the benefits.

The probabilities in the game keep changing all the time, until it ends. For example, if a team is winning, it's more probable that they win if there's little amount of time left in the clock compared to having a longer time. So they probably update the odds and payout accordingly.

The thing is that you never know if things will change before the match ends.

[traderethereum]

I think I've seen the option to sell their bets in a casino and I've also tried it if I'm not mistaken, when I saw my winning amount was bigger if I waited until the end of the sporting event.
So I immediately sold it because I thought I could get a bigger winning amount.
But I don't know what it is because I just saw the amount of money was bigger so I immediately decided to sell it before the amount of money decreased
In addition, I also do not think about whether this strategy is profitable or detrimental because I only see the benefits.

The probabilities in the game keep changing all the time, until it ends. For example, if a team is winning, it's more probable that they win if there's little amount of time left in the clock compared to having a longer time. So they probably update the odds and payout accordingly.

The thing is that you never know if things will change before the match ends.

And if we can get a lot of money before they finish the match, maybe it's better if we take that advantage.
We also have to know which ones are more profitable and detrimental to us so we can take those that are profitable and leave those losses.
In addition, we must consider the change factor during the match because it is possible that the opposing team will change for the better, which can make us lose later.
As long as we can profit, we must take it.

[Fundamentals Of]

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

[TopT3ns]

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

So far, there is no gambling place that provides this feature because when you have made a choice, the gambling place will lock the capital or money you use to gamble and can only make withdrawals when you get the results you win or lose, when you win then can make a profit withdrawal, but if you lose you will not get any results.

[Fredomago]

And if we can get a lot of money before they finish the match, maybe it's better if we take that advantage.
We also have to know which ones are more profitable and detrimental to us so we can take those that are profitable and leave those losses.
In addition, we must consider the change factor during the match because it is possible that the opposing team will change for the better, which can make us lose later.
As long as we can profit, we must take it.

Analyzing your take each time you made a decision in terms of cashing out your bets, if you see that there's still chances that your pick may lose even they are in the upper hands better to withdraw or if you see that there's no chance of winning it's better to take out portions of your actual capital than to let it lose if you still have the chance.

All in all it's more on how you predict the possible outcome and how willing you are in taking the risk in whatever result the game may bring.

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

So far, there is no gambling place that provides this feature because when you have made a choice, the gambling place will lock the capital or money you use to gamble and can only make withdrawals when you get the results you win or lose, when you win then can make a profit withdrawal, but if you lose you will not get any results.

What do you mean? Stake, for example, allow gamblers to cash-out during the game if you think that you are satisfied with the profits or if you are not willing to lose everything you can decide and cash-out whatever amount has left from your initial bet.

[Boristhecat]

So far, there is no gambling place that provides this feature because when you have made a choice, the gambling place will lock the capital or money you use to gamble and can only make withdrawals when you get the results you win or lose, when you win then can make a profit withdrawal, but if you lose you will not get any results.

You probably haven't tried betting at all, or you've only tried it on some outdated bookmakers. Now this service is provided by all major bookmakers. Moreover, if you have made a choice and the event is still far away, then you can "cancel" the bet, that is, make a cashout for a rather small price - just a few percent of the bet. If during the game the result is in your favor, then you can cash out with a profit before the game is over.

[SirLancelot]

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

This is the good thing about sports betting because there is still a chance to stop your bets while in the middle of the game but this is hard to do in a typical casino game but you will need to finish the game to know if the result is a win or lose.

When we are in doubt then I think it will be better to just withdraw the earlier profits that you have made and besides you can still bet another in a game which you are more sure of than if you risk it in hopes of earning an additional profit however in your case, it looks like you are a serious gambler. You aren't a pussy like us lol, so yeah what you are doing is right. To have a doubt could be an added recipe for your excitement.

[dunfida]

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

This is the good thing about sports betting because there is still a chance to stop your bets while in the middle of the game but this is hard to do in a typical casino game but you will need to finish the game to know if the result is a win or lose.

When we are in doubt then I think it will be better to just withdraw the earlier profits that you have made and besides you can still bet another in a game which you are more sure of than if you risk it in hopes of earning an additional profit however in your case, it looks like you are a serious gambler. You aren't a pussy like us lol, so yeah what you are doing is right. To have a doubt could be an added recipe for your excitement.

When you are really minding about making profits then making out these actions could really be that you main priority whether you would be stopping midway or pushing through the end of the game.
Even myself wont really be considering on cutting it out on early phase even on mid way or already on greens because it does really cut out the entertainment essence which is the main thing
that you've been looking for whenever you do make out some sports betting.If you are someone who do really prioritize profits even on small gains and wont mind out the enjoyment or thrill then
you would definitely doing this.

[Fundamentals Of]

If you doubt that the team you've earlier chosen will win the match, then to make a cashout is the good decision. Also if you think that a sure profit although small is better than possibly having a bigger profit but also possibly having a loss instead, then cashout will be a good choice. But to me I just leave my bet 99% of the time. Sometimes it is enticing to cashout and have a smaller loss than seeing your bet really lost, but I still don't find an early cashout interesting. It makes me feel like I'm not really gambling at all.

So far, there is no gambling place that provides this feature because when you have made a choice, the gambling place will lock the capital or money you use to gamble and can only make withdrawals when you get the results you win or lose, when you win then can make a profit withdrawal, but if you lose you will not get any results.

No, actually this feature is offered in many crypto betting platforms. I don't know if you've been betting yourself or you haven't just discovered this feature yet, but this has been offered for a long time already. But such option is not made available all the time. It is normally allowed early in the game. If you're team is obviously losing and the game is almost over that a comeback win is not anymore possible, it's more likely that you cannot make use of this option anymore.

I think I have used it once or twice already, but as I've said this isn't really an interesting option for me. In fact, I sometimes even bet more on my team even if the opponent is ahead for the sake of taking advantage of better odds.

[traderethereum]

And if we can get a lot of money before they finish the match, maybe it's better if we take that advantage.
We also have to know which ones are more profitable and detrimental to us so we can take those that are profitable and leave those losses.
In addition, we must consider the change factor during the match because it is possible that the opposing team will change for the better, which can make us lose later.
As long as we can profit, we must take it.

Analyzing your take each time you made a decision in terms of cashing out your bets, if you see that there's still chances that your pick may lose even they are in the upper hands better to withdraw or if you see that there's no chance of winning it's better to take out portions of your actual capital than to let it lose if you still have the chance.

All in all it's more on how you predict the possible outcome and how willing you are in taking the risk in whatever result the game may bring.

As a gambler, we must know when to withdraw from the game and if we still have the opportunity to take some of our capital, we better take it.
As long as we can get an advantage, it would be best to grab it before the opportunity is gone.
But if we believe that the team we choose can survive until the end of the game and still have a chance to win and get a bigger profit, maybe we can stay afloat and not take some of our capital.
It all depends on how we choose a team or player who will have the potential to win from the opposing team.